Amethis Fund III
Introduction
Amethis Fund III targets investments in growth-oriented medium-sized companies in low- and middle-income countries in Africa.
Swedfund's investment supports private sector development, job creation and increased access to essential products and services. Priority sectors include financial services, healthcare, logistics and IT.
Swedfund qualified the investment in Amethis Fund III for the 2X Challenge in 2023.
Read more in our press release: Swedfund strengthens support for African companies
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Sustainable Enterprises
The Sustainable Enterprises sector increases the availability of equity directly or indirectly, contributing to the sustainable development and growth of the private sector in developing countries.
Value creation
Our Impact
The investment contributes to the development of the private sector and sustainable economic growth, climate adaptation and mitigation, and women's economic empowerment by promoting female leadership and increasing access to capital and jobs for women. Furthermore, the investment is expected to contribute to jobs and other income-generating opportunities locally.
ESG
We are working closely with the fund manager to strengthen their environmental and social management systems. We are also working closely with the fund manager to strengthen their anti-corruption management system.
Additionality
Our investment is financially additional as it is made in a difficult and high-risk context where access to capital is limited, poverty rates are high and the business climate is challenging, and as it is expected to help mobilise capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.